News articles about TrueCar (NASDAQ:TRUE) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TrueCar earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.2426523509841 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- ALG Names Mike Darrow President (bizjournals.com)
- CarGurus (CARG) versus TrueCar (TRUE) Financial Analysis (americanbankingnews.com)
- TrueCar (TRUE) Upgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Auto dealer complaints, unusual investment seeds USAA’s $330 … – mySanAntonio.com (mysanantonio.com)
TrueCar (TRUE) traded down $0.44 on Friday, hitting $11.74. The stock had a trading volume of 1,683,024 shares, compared to its average volume of 1,550,000. TrueCar has a 1-year low of $10.16 and a 1-year high of $21.75. The stock has a market capitalization of $1,170.00, a price-to-earnings ratio of -33.54 and a beta of 2.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 6.31 and a current ratio of 6.31.
Several equities analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $18.00 price objective (down previously from $21.00) on shares of TrueCar in a report on Tuesday, October 31st. Royal Bank of Canada reduced their price target on TrueCar from $23.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday, November 7th. Zacks Investment Research cut TrueCar from a “hold” rating to a “sell” rating in a report on Friday, October 6th. ValuEngine cut TrueCar from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Morgan Stanley raised TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 target price for the company in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. TrueCar has an average rating of “Hold” and an average price target of $17.50.
In other TrueCar news, EVP Neeraj Gunsagar sold 1,882 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $15.22, for a total value of $28,644.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Pierantoni sold 2,494 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $11.29, for a total value of $28,157.26. Following the transaction, the senior vice president now directly owns 57,513 shares in the company, valued at approximately $649,321.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,917 shares of company stock valued at $186,940. Company insiders own 15.50% of the company’s stock.
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TrueCar Company Profile
TrueCar, Inc is an Internet-based information, technology, and communication services company. The Company has a data-driven online platform, which features market data and analytics. The Company-branded platform is available on its TrueCar Website and mobile applications. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for a range of enterprises.
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